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Target Corporation, a prominent player in the retailing sector, traces its roots back to 1903 when George D. Dayton founded a dry goods store named Goodfellows. Over the decades, the corporation has undergone significant transformations, marking its emergence as a retail giant. In 1962, the Dayton Company, established half a century earlier, unveiled the first Target store, ushering in a new era of discount merchandising. Simultaneously, the Dayton Foundation took shape in 1918, solidifying the company's commitment to philanthropy.
By 1978, Target Corporation secured its position as a leading retailer in the United States through the strategic acquisition of Mervyn's, a move that catalyzed its expansive growth.
Today, with over 1,500 stores across the nation and a global footprint extending to territories like Target India, Target Corporation has evolved into a multifaceted retail powerhouse. Embracing the digital age, the corporation has also carved a niche for itself online, providing followers and potential clients with a seamless shopping experience, unburdened by the need to visit physical stores.
Recognition has not eluded Target Corporation, with accolades spanning diverse categories such as commitment to diversity, community service, innovation, design excellence, and environmental stewardship.
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In 2006, the company earned a place on the prestigious Forbes 2000 and 500 lists, attesting to its multifaceted success. These accolades are a testament to Target Corporation's active involvement in meaningful causes, including allocating five percent of total earnings to community initiatives, championing environmental awareness through recyclable materials, and prioritizing renewable sources of energy. Innovations are also at the core of Target's corporate strategy, ensuring its enduring presence in the competitive business landscape.
The intrinsic link between Target Corporation's overarching goals, organizational culture, and its Human Resources (HR) department underscores the pivotal role played by HR in the company's success.
Target's commitment to cultural diversity and employee innovativeness necessitates an HR strategy aligned with the company's mission and objectives.
The HR department assumes a central role in shaping Target Corporation's workforce, emphasizing the establishment of a comprehensive HR plan with clear goals and guidelines. By implementing robust management practices, the HR department ensures that the recruitment process mirrors the company's mission. This involves a deliberate effort to eliminate biases related to race or gender during hiring processes, accompanied by rigorous testing, interviews, and selection procedures geared towards identifying innovative traits in potential employees.
Moreover, the HR department aligns its efforts with Target's causes and advocacies, ensuring that the values and character of prospective employees resonate with the company's ethos. Newly hired individuals undergo intensive training programs designed to instill an understanding of the values and image that Target Corporation upholds for its clientele. In essence, the HR department serves as a bridge, connecting the aspirations of the company with the skills and values of its workforce.
Beyond the initial stages of recruitment, the HR department continues to play a critical role in maintaining a cohesive and productive work environment. Recognizing that the workforce is the lifeblood of Target Corporation, the HR team goes above and beyond to foster positive relationships with employees. This involves addressing their needs comprehensively while ensuring that their contributions align with the company's overarching goals.
For Target Corporation, the HR department's significance lies in its ability to acquire and retain a high-performing workforce, thus contributing directly to the company's corporate strategies. The company's emphasis on sustaining a desirable relationship with employees speaks to the understanding that a motivated and content workforce is central to achieving optimal results.
In conclusion, Target Corporation's journey from a modest dry goods store to a retailing giant is a testament to its ability to evolve with the times. The strategic role of the HR department in this transformative journey cannot be overstated. By aligning HR practices with the company's mission, fostering diversity, and nurturing employee innovativeness, Target Corporation has not only secured its place in the retail industry but has also garnered recognition for its commitment to social and environmental causes. As Target continues to thrive, the ongoing partnership between the company and its HR department remains a linchpin in sustaining success and fostering a corporate culture rooted in excellence and innovation.
Strategic Role of Human Resources in Target Corporation's Success. (2020, Jun 02). Retrieved from https://studymoose.com/target-corporation-hr-departments-strategic-role-new-essay
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